Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Southwest area can be challenging. Home prices in Southwest are now at a median cost of $543,412, higher than the Reno average of $399,395.
The average cost of rent is $1,740/mo in Southwest, primarily driven by the current value of real estate in the Southwest area. While nearly 37.46% of residents own their homes outright in Southwest, 38.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southwest is $8,024 per month. Households that rent pay about 21.68% of their income on rent here. Southwest's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Powning Addition, Reno, NV: less expensive homes
- Midtown, Reno, NV: less expensive homes
- Old Northwest-West University, Reno, NV: less expensive homes
- South Central, Reno, NV: less expensive homes
- Northwest, Reno, NV: less expensive homes
- East Reno, Reno, NV: less expensive homes
- Northeast, Reno, NV: less expensive homes
- South Reno, Reno, NV: less expensive homes
- North Valleys, Reno, NV: less expensive homes
- Foothill Meadows, Sparks, NV: less expensive homes
Neighborhoods with Similar Populations
- Journal Square, Jersey City, NJ: less expensive homes
- Murray Hill, Manhattan, NY: higher priced homes
- North Side, Mount Vernon, NY: less expensive homes
- Rhawnhurst, Philadelphia, PA: less expensive homes
- Laurelton, Queens, NY: equally priced homes
- Kips Bay, Manhattan, NY: higher priced homes
- Fresh Meadows, Queens, NY: higher priced homes
- Far South, Fort Worth, TX: less expensive homes
- South Tacoma, Tacoma, WA: less expensive homes
- East Las Vegas, Las Vegas, NV: less expensive homes
All Local Stats
Home Services
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